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Resorts World NYC Seeks Legislative Relief for Racing Payments
Resorts World New York City, which recently opened the city’s first full-scale casino in April, is engaged in a dispute with state regulators over payments to support New York’s horse-racing industry. The disagreement centers on whether the required racing support payments, valued at more than $150 million annually, are included in the casino’s existing 56% slot machine tax rate or must be paid in addition. Stakes and Timing Since Resorts World is currently the only downstate casino operating, it would be […] The post Resorts World NYC Seeks Legislative Relief for Racing Payments appeared first on World Casino News.
Resorts World New York City, which recently opened the city’s first full-scale casino in April, is engaged in a dispute with state regulators over payments to support New York’s horse-racing industry. The disagreement centers on whether the required racing support payments, valued at more than $150 million annually, are included in the casino’s existing 56% slot machine tax rate or must be paid in addition. Stakes and Timing Since Resorts World is currently the only downstate casino operating, it would be […]
The post Resorts World NYC Seeks Legislative Relief for Racing Payments appeared first on World Casino News.
